C1C2Part 4Stamp duty land tax

Annotations:
Modifications etc. (not altering text)

Introduction

42I1The tax

1

A tax (to be known as “stamp duty land tax”) shall be charged in accordance with this Part on land transactions.

2

The tax is chargeable—

a

whether or not there is any instrument effecting the transaction,

b

if there is such an instrument, whether or not it is executed in the United Kingdom, and

c

whether or not any party to the transaction is present, or resident, in the United Kingdom.

3

The tax is under the care and management of the Commissioners of Inland Revenue (referred to in this Part as “the Board”).